Shares of Aehr Test Systems (NASDAQ:AEHR) gapped down before the market opened on Monday . The stock had previously closed at $1.35, but opened at $1.31. Aehr Test Systems shares last traded at $1.35, with a volume of 8,123 shares traded.

A number of research analysts have recently commented on the company. TheStreet cut Aehr Test Systems from a “c-” rating to a “d+” rating in a research note on Wednesday, September 9th. ValuEngine upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 10th.

The stock’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $1.78. The company has a quick ratio of 2.50, a current ratio of 4.57 and a debt-to-equity ratio of 0.07.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Thursday, July 16th. The semiconductor company reported ($0.03) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The company had revenue of $3.77 million during the quarter. Aehr Test Systems had a negative return on equity of 6.06% and a negative net margin of 12.57%.

In related news, VP David Fucci sold 18,966 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.80, for a total value of $34,138.80. Following the transaction, the vice president now directly owns 15,663 shares of the company’s stock, valued at approximately $28,193.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gayn Erickson sold 19,900 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $2.07, for a total value of $41,193.00. Following the sale, the chief executive officer now owns 638,716 shares in the company, valued at $1,322,142.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,066 shares of company stock valued at $117,552. 16.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEHR. Heritage Investors Management Corp raised its position in Aehr Test Systems by 47.0% in the 2nd quarter. Heritage Investors Management Corp now owns 54,648 shares of the semiconductor company’s stock worth $107,000 after buying an additional 17,465 shares during the last quarter. Cadence Capital Management LLC increased its position in Aehr Test Systems by 41.0% during the second quarter. Cadence Capital Management LLC now owns 400,438 shares of the semiconductor company’s stock valued at $781,000 after acquiring an additional 116,507 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in Aehr Test Systems by 14.8% during the second quarter. Essex Investment Management Co. LLC now owns 375,499 shares of the semiconductor company’s stock valued at $734,000 after acquiring an additional 48,351 shares during the last quarter. Institutional investors own 26.38% of the company’s stock.

Aehr Test Systems Company Profile (NASDAQ:AEHR)

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.

Further Reading: What is the price-sales ratio?

Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.